Trade on the wire

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Trade on the wire

Immediately give a bid or offer to a salesperson without checking the floor conditions (listed), dealer depth (OTC) or customer interest. An aggressive trading posture.

Trade on the Wire

To make a bid or give an offer without checking surrounding conditions. That is, an investor may trade on the wire when he/she gives his/her broker an order to buy a security at a given price without first checking whether a better price is available.